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francisco is lee fong, contributing writer for the nation magazine who has been following the money trail. hi, lee. nice to see you. >> good morning. >> splin plain to me. i think we have the information of him as an independent actor. he is really embedded in the web. talk to me about what this is? >> i looked at grover norquist's foundation. over 66% of its more than two-thirds of husband budget came from just two billionaire-backed nonprofits. if you peel back the layers, the people giving money and propping up norquist are folks like steve schwartzman and investors that have a lot to gain from not cutting taxes. they pay a shockingly low rate. they don't want to pay a penny more. when he says he is going to retaliate against some of the folks that are deviating from the pledge, he means his donor network will go after these folks with attack ads and money for primary challenges. that's where his real power base comes from. >> earlier this week, my colleague, chris hayes tweeted that, let's be clear. it is not grover norquist who is the reason that republicans are against these tax inc
report blogger lee fong, a league of mine at the nation magazine asked him "are you planning to become a lobbyist?" no, schuler said. as of january 4th schuler is going to be a lobbyist. the chief lobbyist for the biggest electric utility in the country, duke energy of north carolina. duke's announcement said the job will not affect votes in his current job. it also said one of his top priorities will include tax policy on corporate dividends and that schuler right now is leaving curb negotiations on how and where to raise taxes. a federal bankruptcy judge paved the way for hostess maker of ding dong and ho hoes to dole out bonus to the top executives. judge robert drain made the point that these executives did not run the company into bankruptcy but should be rewarded if they do a good job winding down the business they went into bankruptcy after cutting into pension plans and the bakers union refused to take a pay cut. we'll be watching whomever ultimately biez the hostess brand. >>> cambridge university is studying the potential dangers of climate change, biotechnology and artificia
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